Speeches sourced from the Labour party’s online archive More…


Angela Eagle MP, Labour's Shadow Chief Secretary to the Treasury, in response to NIESR’s forecast for growth in the second quarter of 2011 of just 0.1%, said:
 
“After the zero growth we have seen over the last six months, we must hope that this forecast turns out to be wrong. We need to see growth of 0.8% in the second quarter of this year to get back on track to the Office for Budget Responsibility’s recent three times downgraded forecast of 1.7% growth this year.
 
“Economic growth of 2.6% this year, which was forecast before George Osborne’s first Budget a year ago, now looks like an impossible prospect. It’s time this Conservative-led Government realised that without strong growth it will be much harder to get the deficit down.”

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